What’s the future of VPN industry?
VPN or Virtual Private Network is a cost-effective way to increase and enhance the security and privacy of a business or company. VPN connects a public network, for example, the internet to multiple computers to create a virtual security system. The virtual tunnel can be used by the user to connect to a particular website by maintaining complete privacy and the interconnected system assures top security.
This system creates a connection using the end-to-end encrypted format, allowing no third party to have access to the user’s browsing history. It further ensures protection by not revealing the user’s identity and location while browsing.
One of the most important functions of a VPN is to ensure cybercrime security. With so many start-ups coming up and dotting around the globe, so many small businesses making it big and big businesses expanding its horizons-all this happening by depending mostly and largely on the digital world, cybercrimes are also increasing. Every organization irrespective of its size is prominently focusing on cybercrime security in order to protect their organization data and documents.
In order to prevent their business from crashing down due to malicious intentions of online hackers, these business holders are investing on VPNs, as it is less expensive compared to other security systems. Thus, the organizations’ or business holders’ understanding of the importance of VPN is helping the industry to flourish to some extent.
However, the easy access to a restricted site using copyrighted content by remaining anonymous is one of the major drawbacks of this service, which can affect the growth of this industry in the near future.
In the last few years, the use of VPN services has surely increased. Not only organisations or businesses have used it but many individual users have also signed up for it. This has created major issues of threat concerning national security and government security. The crime of hacking has increased. Many governments across the world like China, Russia has restricted the use of social media for its citizens. This can, in turn, affect the growth of VPN industry in the coming years.
Looking for predictions that provide a unique perspective on where the industry will be ten-fifteen years from today:
Individual researchers have pointed out that in the next few years the global market of this industry is expected to reach USD 106 billion with a compound annual rate of 13%. However, the researchers have also come to a conclusion that high deployment cost and technical knowledge to make the best use of this service are two crucial factors which can act as restraining factors in the growth of this market.
Also, looking at the flip side of the situation, the amazing facility provided by VPN of remaining anonymous and having access to foreign content by hiding the location and identity of the user is actually a malicious threat to the creative industry. The issue of piracy is increasing by leaps and bounds creating major problems for the creative industry. This is one factor which can affect the best VPN services in the years to come.
Another factor which can act as a deterrent to the market growth of the VPN industry in the coming years is that some of the leading VPN service providers barring a few well-known ones could not provide top security. Many restricted sites have been spoofed by a VPN and many users are familiar with this issue; which is why the usage of this service can come down.